Plan Snapshot
- Plan Sponsor: Whitworth Tool, INC.
- Sponsor EIN: 611347638
- Sponsor Address: 114 INDUSTRIAL PARK LANE, HARDINSBURG, KY, 401435925
- Plan Type: 401(k)
- Total Participants: 111
- Total Assets: $7.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 111 | $7.7M | $135,595 | $290,616 |
| 2023 | 112 | $7.8M | $177,581 | $393,737 |
| 2022 | 150 | $6.4M | $158,401 | $376,483 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $53,371 | — | $53,371 |
| BAIRD INSURANCE SERVICES INC | Other Service Provider | — | $20,294 | $20,294 |
| ROBERT W. BAIRD & CO. INCORPORATED | Other Service Provider | — | $6,079 | $6,079 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $79,744
- Estimated Expense Ratio: 1.035% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $53,371 | — | $53,371 | — | — |
| 2023 | $49,174 | — | $49,174 | — | — |
| 2022 | $48,017 | — | $48,017 | — | — |